World Economic Forum White Paper on Business Sustainability: What it is and why it matters
20th August 2014
In the 21st century, business sustainability needs to be understood in terms of the environment, economic development, human rights, women's empowerment, and rule of law. Smart businesses are incorporating these broader principles of sustainability into their business decisions, and developing practical standards and metrics to help apply these principles in practice. These measures work to maximize opportunity and minimize the negative impact their core businesses have on the environment, the community and the economy in places where they operate.
This joint statement on business sustainability is the product of a collective effort by seven Global Agenda Councils. It draws on their expertise to set forth an integrated view of business sustainability. The statement aims to help shape the Forum’s ongoing consideration of the development of sustainable business models and practices. It can also serve as a resource for businesses, governments, civil society and other actors seeking to incorporate understandings of sustainability into their business decisions and models. This integrated understanding of business sustainability should provide a catalyst for debate and a welcome starting point in the development of future business policy and practice.
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